IBD is being misleading. This is all they have in their article from the speech.

“If you’ve got a business — you didn’t build that. Somebody else made that happen.”

This makes it look like Obama is saying the entrepreneur didn’t build the business.

Here is the extended version of his statement.

“If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business, you didn’t build that. Somebody else made that happen,” he said. “The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.”

What Obama was talking about was the infrastructure used by everyone, including entrepreneurs to build their businesses. IBD is being disingenuous.